Transcript
A (0:07)
You've had a dynamic where money's become freer than free.
B (0:10)
If you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the Victoria. I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. Probably should be.
A (0:36)
John, welcome to the show. Thank you for joining us today.
B (0:40)
Oh, no, it's great to talk to you again. Thanks for having me on.
A (0:44)
Well, I felt this is a much needed episode after meeting you in person a couple weeks ago here in the Philadelphia area, because I think the discussion at dinner that we had and many others had was eye opening for me, at least in terms of the extent to which the government, the media.
B (1:06)
And.
A (1:06)
Politicians generally are abusing data and statistics to paint a scary narrative around gun control specifically. And one of the things that you said in response to the question that I asked you really shook me because it was. And I think we should explain the data behind it. But I asked you if gun registers serve any purpose other than bagging and tagging individual gun owners in the country to eventually track them down and take their guns. Their guns. And your response was that you've come to believe that that is exactly why these registries exist.
B (1:46)
Yeah, look, I mean, everybody wants to be able to go and solve crimes, but you know, we have a lot of data on this. We have parts of the United States that, you know, they're relatively small parts, but parts of the United States that have registration licensing of guns. For many decades. Hawaii has had registration licensing of guns since 1960. Pennsylvania, that you live in, has had essentially registration for handguns since the 1930s. Pretty much complete since then. And earlier had it more sporadically. You've had places like Chicago and Washington, D.C. and New York, which is have had registration licensing. Maryland and New York had very extensive, even ballistic fingerprinting along with registration and licensing for 15 years before they finally ended it. And the one common thing that you see across all these that we have information on is that, you know, outside of watching TV shows like Law and Order or something like that, or CBS's FBI, registration, licensing just isn't used for solving crimes. You know, in theory, if a criminal leaves a gun at a crime scene and it's the registered to the criminal, you can go and trace it back to the criminal and solve the crime. The problem is, is that crime guns are virtually never left at the crime scene. When the few times that they are left at the crime scene, it's because the criminal's either been killed or seriously wounded. So you've solved the crime anyway. And the couple times beyond that that they're left at the crime scene, they're not registered. And the once or twice that they are registered, they're not registered to the person who committed the crime. And so, and the thing is, these systems take a lot of resources. I testified in Hawaii a while ago about a law that was considering changing the registration licensing program there to make it even more restrictive. And before I went, because I'm always get only testify when I get asked by state legislators to do it, I said, I told the legislators that were inviting me, I said, look, I'm told that the Honolulu police chief is going to be testifying on the other side. Ask him two questions in advance so that he has to be able to go and answer the questions beforehand. One is how many crimes since 1960 have they been able to solve as a result of licensing and registration? And the second question is, how much does it cost each year to go and run the program? He went back and looked at it and he said he couldn't identify one single crime that they've been able to solve as a result of registration, licensing. And when he was asked how much it cost each year to go and run the program, he said he couldn't give a dollar amount. But he said he estimated that it took 50,000 hours of police time each year to go and run the registration and licensing program. Now, there are lots of things that work for policing. 50,000 hours worth of police time, if you had spent it on things that we know work could have been very beneficial in terms of catching criminals and making it risky for criminals to commit crimes and reducing crime. But essentially what you've done is you've taken 50,000 hours of police time each year away from things that we know work and instead putting in something that the Honolulu police chief himself acknowledged he couldn't point to one single crime that he'd been able to go and solve. And you know, and this isn't just the United States. I mean, there's been court testimony in Chicago, in Washington, D.C. where they've admitted the same thing. The program that they had in New York and Maryland, where they had registration and ballistic fingerprinting after 15 years, both of those states, both states that strongly support gun control, ended the programs because they were Spending huge amounts of money. I think in New York, they had spent like $45 million on the process. And they couldn't point to one single crime that they've been able to solve as a result of spending all that money. Now, gun control advocates said, well, you know, 15 years just wasn't long enough to determine whether or not the program was really going to work or not. They needed more time. But look, even the strong gun control advocates in the New York state and Maryland state legislatures, they were just throwing good money after bad and they had better things to go and spend the money on. And so even they ended the programs.
